Capital / Liquidity

Bank Indonesia Cuts RRR, Prepares to Buy Govt Bonds

18/04/2020

The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Capital / Liquidity

RBI Announces New Measures to Counter Covid-19 Disruptions

18/04/2020

The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.

Securities / Derivatives

UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising

17/04/2020

MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.

Market Infrastructure

FSB Reports to G20 on Covid-19 Financial Stability Implications

17/04/2020

The FSB says internationally coordinated action to support a well-functioning, resilient financial system and open markets remain a priority.

Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch

17/04/2020

Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.

Crypto / Digital Assets

Malaysia SC Announces Capital Market Measures to Support Businesses

17/04/2020

The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.

Australian Court Upholds ASIC Product Intervention Order

16/04/2020

ASIC’s product intervention order prohibiting payday lenders to charge additional fees under separate contracts through associates remains in force.

Big Picture

Fintech Risks Could Undermine Financial Inclusion

16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.